12 CFR 150.490
§ 150.490 When must I deposit securities with state authorities?
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 150.490, § 150.490 When must I deposit securities with state authorities?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43752
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Full text
You must deposit securities with a state's authorities or, if applicable, a Federal Home Loan Bank under § 150.510, if you meet all of the following:
(a) You are located in the state.
(b) You act as a private or court-appointed trustee.
(c) The law of the state requires corporations acting in a fiduciary capacity to deposit securities with state authorities for the protection of private or court trusts.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.